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Generation-skipping transfer tax

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What is a Generation Skipping Trust?

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What is the Generation Skipping Transfer Tax?

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Estate, Gift & Generation-Skipping Transfer Tax: Top Takeaway Tips

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What is a Generation Skipping Trust?

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Generation-Skipping Transfer (GST) Tax Planning

The U.S. generation-skipping transfer tax imposes a tax on both outright gifts and transfers in trust to or for the benefit of unrelated persons who are more than 37.5 years younger than the donor or to related persons more than one generation younger than the donor, such as grandchildren. The generation-skipping tax will be imposed only if the transfer avoids incurring a gift or estate tax at each generation level.
    • The version of the tax starting in 1986 

    • Advantages of using exemptions from the tax